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Surgepays Acquires Clearline Mobile

PUBLIC · SURGJan 09, 2024

Acquiring Company

SurgePays

Acquired Company

ClearLine In-store & POS Marketing

BartlettLos AngelesFinancial ServicesLending And InvestmentsFinanceFintechCapital MarketsMarketing

Description

SurgePays, Inc. (Nasdaq: SURG) (“SurgePays”), a multiproduct company focused on the underbanked and underserved, announced today that it has closed the asset purchase agreement to acquire the software development and point-of-sale (“POS”) equipment and operations of DNR Business Solutions Inc. d/b/a ClearLine Mobile (“ClearLine Mobile” or “ClearLine”).

Quick answer

SurgePays is acquiring ClearLine In-store & POS Marketing, announced January 9, 2024. SurgePays is based in Bartlett, Tennessee, United States.

How much did SurgePays pay for ClearLine In-store & POS Marketing?
The deal value was not disclosed.
What does SurgePays do?
SurgePays, Inc. is a wireless and fintech company focused on delivering mobile connectivity and financial services to underserved communities.
Where are SurgePays and ClearLine In-store & POS Marketing based?
SurgePays is based in Bartlett, Tennessee, United States. ClearLine In-store & POS Marketing is based in Los Angeles, California, United States.
Who are the decision-makers at SurgePays?
Fundz holds 3 contacts at SurgePays. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

SurgePays

Location

3124 Brother Blvd

Bartlett, Tennessee, United States

About

SurgePays, Inc. is a wireless and fintech company focused on delivering mobile connectivity and financial services to underserved communities. As both a mobile virtual network operator (MVNO) and mobile virtual network enabler (MVNE), SurgePays operates its own wireless brand while also providing back-end infrastructure, including provisioning and billing, to other wireless providers. The Company’s proprietary point-of-sale platform is used nationwide in thousands of retail locations, enabling SIM activations, top-ups, and digital financial services. SurgePays is built to scale and uniquely positioned to grow across both retail and wholesale wireless channels.

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Frequently asked

Who acquired ClearLine In-store & POS Marketing?

ClearLine In-store & POS Marketing was acquired by SurgePays, based in Bartlett. The deal was reported on January 9, 2024. SurgePays, Inc. is a wireless and fintech company focused on delivering mobile connectivity and financial services to underserved communities. SurgePays is publicly traded (SURG) and operates in Financial Services.

When did SurgePays acquire ClearLine In-store & POS Marketing?

SurgePays's acquisition of ClearLine In-store & POS Marketing was reported on January 9, 2024. SurgePays, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ClearLine In-store & POS Marketing do?

Digital Loyalty Programs and Coupons Marketing. Rewarding loyal customers is significantly cheaper than finding new ones. It is privately held, operating in Marketing, and is based in Los Angeles.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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